tirsdag 7. juli 2020

What a survey of Chinese business leaders tells us about China’s post-COVID economy – and the future of U.S.-China economic relations

China was the first country to experience the ravages of COVID-19, having lost 4,634 people to the pandemic with 83,565 confirmed cases to date. Draconian measures were used to bend the curve and essentially stop the spread of the disease, although reports indicate that recently new cases have emerged, including those stemming from a Beijing market. For the most part, however, China has loosened restrictions and re-opened large parts of its economy. Individuals scan government-mandated QR health codes with their smartphones, and daily life has been restored to some sense of normalcy with restaurants serving customers and retail shops open to shoppers.

In this pivotal and important time, with streams of foreign policy arguments and opinion pieces sharply analyzing current U.S.-China geopolitical tensions continuing to pour forth, we at the Stanford China Program wanted to take stock of how businesses and the overall economy are coping as China tries to reopen its businesses and reboot its economy. Toward this effort, we conducted a collaborative survey of 135 senior executives in China from May 13-26.